LendMN
SWITCH IT ON. SOLVE THE PROBLEM LendMN is the first Mongolian “FinTech”-financial service company that provides an opportunity to its customers to obtain quick loans without collaterals using a mobile application powered by Artificial Intelligence based credit scoring. LendMN application provides following services under the laws and regulations of Mongolia: Online loan Online payment and transactions Privacy Policy We respect your right to privacy, and the protection of your personal information is important to us. LendMN NBFI is committed to protect customers’ information. LendMN NBFI is obliged not to disclose customers’ information unless required by the legal authorities under the applicable law. Easy registration process 1. Download LendMN application and click on the Register button 2. Register for the application according to the instructions and once you sign your one time contract, you will become our customer. None Transaction fee There are no transaction fees between digital wallets and digital wallets to bank accounts. Credit Line AI-based credit scoring that allows consumers to pre-determine their credit line rights, meet their financial needs at any time, and flexible loan conditions that can be reused for the amount paid. Loan amount: MNT 50,000 – MNT 2,000,000 Monthly interest rate: 3% Annual percentage rate: 36% Minimum payment rate: 10% of the disbursed loan amount Credit line period: Minimum repayment period is 5 months while the maximum repayment period is 40 months. Eco Car Loan Loan amount: up to MNT 20,000,000 Monthly interest rate: 2.3%-2.6% Annual percentage rate: minimum 27,6% to maximum 31,2% Minimum and maximum period for repayment: 36 months up to 48 months Loan disbursement service commission: 0.5% of the disbursed loan amount Representative example: Credit line: Example for a 90-day loan with principal amount 100,000MNT Loan amount : 100,000 MNT Loan repayment: 3 months ('To extend' button appears 5 days before due date) Monthly interest rate: 3% + 500MNT (bank transactions fee) Monthly equal repayment: 35,833 MNT Total interest : 7,560 MNT Total Amount Payable: 107,560 MNT Eco Car loan: • Loan amount: 20,000,000 MNT • Loan term: 48 months • Monthly interest rate: 2.3% • Monthly equal repayment: 692,607 MNT • Total payment amount: 33,245,157 MNT How to repay? You shall be receiving scheduled loan repayment reminders through SMS and push notifications. Repay and reloan instantly, no re-application required. Loans can be repaid anytime, up to 365 days. The customers can repay the loan directly from LendMN application and through the mobile applications of local banks. Contact us: Customer service: +976-77070101 Website: https://www.lend.mn/ Email: service@lend.mn Facebook: @Lendmn Address: “Pearl tower” building, Tourist street-34, 3 rd khoroo, Chingiltei district Ulaanbaatar, Mongolia
